The market is dominated by domestic suppliers, as imports account for 5.1% of total market size in 2023. Households drive market demand, with household spending representing 95.4% of total demand in 2023. The US has the largest market size for tobacco products across the top 20 developed countries, with demand reaching USD135 billion in 2023. Philip Morris USA Inc is the largest company in the US, generating 34.5% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 67.9% of total production value in 2023. The total number of companies increases in 2023, to 504 units. The costs of the industry increase by 1% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 60.2% of production value in 2023, the highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 0.5% of total production output. With production value of USD65.9 billion, the US accounts for 95.1% of the North America total in 2023.
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Overview:
This Euromonitor industrial report provides unique information on Tobacco Products in the US: ISIC 16. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tobacco Products in the US: ISIC 16 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Food, Beverages and Tobacco in USA report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Food, Beverages and Tobacco?
- How the Food, Beverages and Tobacco will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Tobacco Products in the US: ISIC 16
HEADLINES
MARKET OVERVIEW
Food, Beverages and Tobacco
This is the aggregation of food, beverages, and tobacco products.
See all of our definitionsBuy this report to:
- Understand future opportunities and threats within the industry
- Track demand and supply structure
- Understand competitive landscape of the industry
- Inform market, strategy development and supply functions
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